financial advisor (IFA), IFA opined that the proposed transaction is not appropriate. IFA described that EMC may be exposed to the risk to acquire the Station 1 Project at the price that is significantly
of machine for some manufacturing process has been completed, it will increase the manufacturing efficiency and decrease the long term cost. The Company expect that the cost will be reach the suitable
more than one location. In addition, the subsidiary company is being charged with a suitable rental rate compare with the nearby locations which offer rental rate in the range of Baht 154 – 275 per
increase or decrease of credit limit suitable for clients’ repayment ability, and updating clients’ information and reviewing each client’s credit limit at least once a year; (3) appointing a committee to
SRF factory has been operating since February and started receiving from customers, however, the company has not delivered SRF to any customer in Q1/2017. The company is developing the suitable SRF
with the supplier company, who is a business partner in procuring high quality and suitable raw materials. The transaction mentioned above is considered as disposal of assets in accordance with the
more than one location. In addition, the subsidiary company is being charged with a suitable rental rate compare with the nearby locations which offer rental rate in the range of Baht 88-138 per Square
industries. Additionally, the company had launched a new product “Electric Steam Boiler and Sterilizer/Autoclave” for disinfection, which will be especially suitable for the food and pharmaceutical industries